Meaning, I wouldn't take a bank owned property for sale at $300M and offer $200M because you don't like the color of the front door but if you say, "Please see my roofing estimate at $25,000 based on inspection that shows this roof is at the end of its economic life and, please see the pool estimate of $25,000 that shows i will need a contractor to excavate and relathe and resupport the entire pool because of the engineer's report of settling soil and please see the $50,000 estimate for the toxic waste cleanup that showed up in the phase one environmental impact study so, in conclusion, i'll give you $200M cash".

Many astute investors will get a longer term loan than needed for the property strategy to help mitigate the risk of economic cycles.Hope that helps.

So excited to finally have gotten around to making a post here.My background: 29-year-old former Economics major, turned self-taught programmer and San Francisco transplant.

So your question about will there be a big jump from 2 to 3 bedrooms in your available cashflow...this will largely be a factor of the local economics of the market you choose.

Don't wait until you get there to burn that bridge, and I generally don't recommend on being able to always refinance later, because banks change their standards over economic cycles (unless you're pretty golden on LTV, credit, & DTI/DSCR ratios, you're safer.)

If they had to take a 30% haircut on their investment it would provide both a financial emphasis to stick it out for the long term or a significant economic upside for the buyer of that persons stake.

Is it a luxury condo on the higher end, or a more economical option?  

Though as the mills closed and the jobs went away, the city became economically stressed to say the least.  

My recommendation is to choose cities in safe and economically diversified areas with above-average income and population growth.

Last night I attended Riverside City Council and our Economic Development team was asking for approval of two affordable housing projects because the developer was asking for a reduction in land cost and the first-time assistance program of $50,000 which the council approved.